Proof of Usefulness Report

Elysiot

Analysis completed on 2/26/2026

+12
Proof of Usefulness Score
You're In Business

The submission for Elysiot suffers from significant credibility issues, primarily the demonstrably false claim that 'most people have used my product.' While the project appears to have been a real startup that graduated from the Newchip Accelerator in 2019, it shows signs of dormancy with no significant news since then. The description relies heavily on buzzwords (Blockchain, IoT, AI) without technical substance, and the stated market cap of 50,000 contradicts the claimed team size of 30, suggesting either a lack of seriousness or a defunct status.

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Score Breakdown

Real World Utility+5.0
Audience Reach Impact+0.0
Technical Innovation+1.5
Evidence Of Traction+1.25
Market Timing Relevance+1.0
Functional Completeness+0.25
Subtotal+9
Usefulness Multiplierx1.15
Final Score+10

Project Details

Project URL
Description
Let's disrupt healthcare and reach ELYSIUM with the help of IOT, blockchain and artificial intelligence.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline